Auctioning procedure and terms and conditions of participation
TO THE BUYER
Registering to the auction
You wish to buy artwork via Online Arthaus. Please familiarise yourself with the auctioning environment, open various art selections on different topics, read the overview articles, have a look at the artwork offered. If you find something you like and wish to buy it from the auction, you need to register as a user and agree with the auctioning procedure and the terms and conditions here.
You can also register at Haus Galerii with the help of the auctioning secretary during the opening times of the gallery. See more at www.haus.ee.
A buyer who is already a registered user does not have to register again. Additional questions: e-mail: email@example.com and telephone: +372 57502402
The auctioning environment offers original artwork of professional artists both from the past and the present times. All the works have been checked and picked by experts. The artworks are divided into various selections, based on topics, eras, or authors. The selections are complemented by articles on art history. Each artwork includes additional information on its author and references to the other work of the same author sold on the auction, if applicable.
The artworks displayed in the environment change and the selections vary according to the best judgement of the auctioneer. An artwork is kept in the auctioning environment for a minimum of three months or until it is sold. Keeping in mind the ease of use for a buyer, the page displays both the ending bids and the new artworks added.
You can see the artwork for yourself before buying at Haus Galerii at Uus tn. 17, Tallinn. Prior agreement with the auctioneer is necessary.
Market price of artworks
The initial price of the auctioned artworks is not stated in the auctioning environment. Each artwork has an accepted price marked as a guideline - the price range for which similar works of the artist have been sold or are being sold, and how they could be valued in comparison with the works of other similar authors. All the approximate prices are recommended and set by art experts based on the experiences on the art market during the last 20 years.
When a buyer starts bidding, he/she can take the recommenced price range as a guideline and make their respective bid. They can also make a bid that is below the recommended price, for which they would be willing to purchase the respective artwork.
Each artwork has a hidden reserve price or a minimum possible price for which it will be sold. Reserve price may be less than the approximate price or within the recommenced price range. If a buyer’s bid is lower than the reserve price, the system issues a notification and the buyer may increase their bid. If the buyer’s bid is above the reserve price, the bid will be deemed accepted and bidding for the respective artwork commences.
Each individual artwork is auctioned separately. Each bidding lasts for 5 days from the accepted opening bid, during which all registered and interested buyers may make their bid. Bidding lasts until 8 p.m. of the fifth day - the date of which the system immediately notifies the buyer after the opening bid, and which is publicly displayed. Bidding will be deemed ended when 5 minutes has passed from the last bid, during which no new bids have been made. The bidding time will be extended respectively upon new bids. Bidding is won by the buyer whose bid remains the final bid during the last 5 minutes of the auction.
All bids will take place based on the same price step system after the opening bid is made. The minimum step at Online Arthaus auctions is 25 euros.
Paying for the purchased artworks and receiving them
A buyer will pay the final price for the artworks purchased from an auction, for which a 5% service fee of the auctioneer will be added. The purchases must be paid within 3 working days after the end of the auction based on an invoice that can be found at the buyer’s account together with the instructions for payment. The buyer will receive the artwork after the auctioneer has received payment. Artworks will be delivered as agreed between the parties either from the Haus Galerii or by mail to the address stated by the buyer, in which case the transportation costs will be covered by the buyer.
Wishing you vibrant art experiences,
Online Arthaus team
Auctioning procedure and terms and conditions of participation
TO THE SELLER
Giving artworks up for auctioning
You wish to sell artwork via Online Arthaus. Please familiarise yourself with the auctioning environment and the sales procedure. Online ArtHausi online auction accepts professional and valuable art selected and assessed by art experts that have long-term experience in the field. A seller wishing to auction their artwork can do it via an online form, observing the following terms and requirements set out here.
A Seller can also offer artwork for auctioning and get a respective assessment at Haus Galerii at Uus tn 17, Tallinn at a previously agreed time. Additional questions will be answered both by telephone:+372 57502402 and e-mail: firstname.lastname@example.org.
Suitability of artworks for auctioning
The suitability of artworks for auctioning is determined by the professionalism and artistic level of its author and the acceptable technical condition determined by experts. Artworks do not have to be framed. A Seller may offer more than one artwork at a time for auctioning. If the artwork(s) of a seller are selected for auctioning, the auctioneer will notify the seller who must then register as a user at the auctioning environment and agree with the respective terms and conditions here. Sellers can also register as users at Haus Galerii with the help of the auctioning secretary during the opening times of the gallery. See more at www.haus.ee. A seller who is already a registered user does not have to register again. All the personal data and information on the artwork belonging to the seller is confidential.
Seller shall pay a service fee every time they submit an artwork for auctioning. The fee covers the costs of uploading the artworks to the auctioning environment, and the administration costs. The service fee will only apply to artwork selected for auctioning. 1-5 artworks 5 EUR, each subsequent artwork 1 EUR. The artworks will appear in the environment within 3 working days from the service fee being paid to the auctioneer.
Prices of artworks
Before an artwork is being put up for sale, their price(s) and the amount of the service fee of the auctioneer to be withheld from the final price of the artwork, i.e. after sales, will be agreed with the seller and established in the sales conditions. The auctioneer will determine both the approximate market price and the reserve price of the artwork upon agreement with the seller. The starting prices of the auctioned artworks are not established in the auctioning environment. Each artwork has an approximate accepted price marked as a guideline - the price range for which similar works of the artist have been sold or are being sold, and how they could be valued in comparison with the works of other similar authors. All the approximate prices are recommended and set by art experts based on experience on the art market in the last 20 years. Bids will be made based on the approximate price, but they shall not be less than the agreed reserve price of the artwork which is the minimum sales price agreed between the seller and the auctioneer.
Location of the artworks
All the artworks sold on auction will be held either by the seller or the auctioneer as agreed, on the condition that they are readily available for the auctioneer in the case of sale.
Time of sale
The artworks being sold are divided into various selections, based on topics, eras, or authors. Each single artwork is sold on separate bidding that starts from the first accepted bid, and lasts for 5 days. The artworks displayed in the environment change and the selections vary according to the best judgement of the auctioneer. An artwork is kept in the auctioning environment for a minimum of three months or until it is sold.
Wishing you successful selling,
Online Arthaus team